monday.com Ltd. $MNDY Shares Bought by J. Safra Sarasin Holding AG

J. Safra Sarasin Holding AG increased its position in monday.com Ltd. (NASDAQ:MNDY) by 67.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 47,068 shares of the company’s stock after buying an additional 19,034 shares during the quarter. J. Safra Sarasin Holding AG owned about 0.09% of monday.com worth $9,117,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of MNDY. JPMorgan Chase & Co. raised its holdings in shares of monday.com by 9.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,833,000 shares of the company’s stock worth $576,442,000 after purchasing an additional 150,987 shares in the last quarter. Rubicon Global Capital Ltd boosted its stake in shares of monday.com by 155.3% during the 2nd quarter. Rubicon Global Capital Ltd now owns 1,442,900 shares of the company’s stock worth $453,763,000 after acquiring an additional 877,700 shares in the last quarter. Baillie Gifford & Co. lifted its holdings in shares of monday.com by 136.5% during the third quarter. Baillie Gifford & Co. now owns 708,278 shares of the company’s stock valued at $137,186,000 after purchasing an additional 408,848 shares during the last quarter. State Street Corp boosted its position in shares of monday.com by 5.4% in the 2nd quarter. State Street Corp now owns 661,265 shares of the company’s stock valued at $207,955,000 after purchasing an additional 33,963 shares during the period. Finally, Alliancebernstein L.P. increased its stake in monday.com by 4.2% in the 2nd quarter. Alliancebernstein L.P. now owns 605,510 shares of the company’s stock worth $190,421,000 after purchasing an additional 24,624 shares in the last quarter. 73.70% of the stock is owned by institutional investors and hedge funds.

monday.com Stock Up 0.6%

Shares of MNDY opened at $130.06 on Tuesday. monday.com Ltd. has a 12 month low of $123.45 and a 12 month high of $342.64. The company’s fifty day moving average is $145.27 and its 200-day moving average is $185.44. The firm has a market cap of $6.60 billion, a price-to-earnings ratio of 105.74, a price-to-earnings-growth ratio of 2.97 and a beta of 1.26.

monday.com (NASDAQ:MNDY) last posted its earnings results on Monday, November 10th. The company reported $1.16 EPS for the quarter, topping the consensus estimate of $0.89 by $0.27. monday.com had a net margin of 5.58% and a return on equity of 5.99%. The firm had revenue of $316.86 million for the quarter, compared to the consensus estimate of $312.26 million. During the same period in the prior year, the business posted $0.85 earnings per share. The business’s quarterly revenue was up 26.3% on a year-over-year basis. As a group, research analysts predict that monday.com Ltd. will post 0.46 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have commented on MNDY. Robert W. Baird reduced their price objective on shares of monday.com from $240.00 to $210.00 and set an “outperform” rating for the company in a research note on Tuesday, November 11th. Morgan Stanley restated an “overweight” rating and issued a $200.00 price target on shares of monday.com in a research report on Tuesday. Piper Sandler decreased their price objective on shares of monday.com from $275.00 to $250.00 and set an “overweight” rating for the company in a research note on Tuesday, November 11th. Barclays decreased their target price on monday.com from $202.00 to $194.00 and set an “overweight” rating for the company in a research report on Monday, January 12th. Finally, Wells Fargo & Company reduced their price objective on monday.com from $260.00 to $200.00 and set an “overweight” rating for the company in a research note on Tuesday, November 11th. Twenty-one investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $251.04.

monday.com Company Profile

monday.com is a software-as-a-service (SaaS) company that provides a cloud-based Work Operating System (Work OS) designed to help teams plan, organize and track their work. The platform offers customizable workflows that support project management, task delegation, time tracking and collaboration across departments. monday.com’s visual interface enables users to create boards, automations and dashboards to centralize information and streamline processes without requiring extensive coding knowledge.

The company’s product portfolio includes monday Work OS, which can be adapted for use cases ranging from marketing campaign management and sales pipelines to software development sprints and human resources onboarding.